Prop Firms
November 6, 2026
Bulenox Trading Journal: Track Option 1 vs. Option 2 Drawdown
Rules summarized as of November 2026. Confirm current rules and platforms on Bulenox's website. Clarity Tracking is not affiliated with Bulenox.
Bulenox is a low-cost futures prop firm. Its biggest decision comes at signup: Option 1 or Option 2. The choice sets how your drawdown works for the life of the account.
Option 1 vs. Option 2
- Option 1: a trailing drawdown that follows your highest balance in real time, including open profit and commissions, with no daily loss limit.
- Option 2: an end-of-day drawdown combined with a daily loss limit and a scaling plan.
Targets and drawdown by account size
| Account | Profit target | Trailing drawdown |
|---|---|---|
| $25K | $1,500 | $1,500 |
| $50K | $3,000 | $2,500 |
| $100K | $6,000 | $3,000 |
| $150K | $9,000 | $4,500 |
| $250K | $15,000 | $5,500 |
What to track
- Which option each account uses
- On Option 1: your highest open profit during each trade, because it moves the floor
- On Option 2: daily loss used and the floor after each close
- Net P&L after commissions by contract
Journaling Bulenox with Clarity Tracking
Bulenox runs on Rithmic, and traders commonly use NinjaTrader through Rithmic. Clarity Tracking syncs NinjaTrader accounts. Model the real-time trailing limit with the risk of ruin calculator set to "from peak".
Related: trailing drawdown explained, Apex journal.
Free trading tools
Take Control of Your Trading Performance
Stop guessing. Start knowing. Track every trade, understand your numbers, and build real consistency with Clarity Tracking.
